word
congestion pricing
kun-JES-chun PRY-sing
kənˈdʒɛstʃən ˈpraɪsɪŋListen
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Syllable breakdown
congestionpricing
Dictionary meaning
an economic policy instrument that charges vehicle drivers a fee to use road space during peak demand periods or in high-traffic zones, with the aim of reducing congestion by shifting some trips to off-peak times, alternative routes, or public transit; revenue generated is typically reinvested in public transport improvements; successfully implemented in cities including Singapore, London, Stockholm, and New York, congestion pricing is a market-based approach to managing urban road demand
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